Our Servicing Calculator has been Updated

A new version of our servicing calculator (Version 7.8 July 2022) has been released and is effective for use from 25th July, 2022.

The interest rate floor and interest rate buffer are reviewed regularly and adjusted in line with market rate movements.

With recent RBA interest rate movements and in line with APRA expectations we have increased our servicing floor rate from 5.25% to 6.25%.

In assessing servicing capacity Auswide Bank adopts an interest rate floor to ensure that the interest rate buffer used is adequate. The interest rate floor we adopt for servicing is the higher of the actual loan interest rate plus an interest rate buffer of 3.00%, or the prevailing floor rate, which is now 6.25%.   This calculation is applied automatically once you enter the appropriate product interest rate into the servicing calculator.

The updated Quick Qualifier Servicing Calculator (Version 7.8 July 2022) is available from your aggregator platform, BRM or available for download from our broker website.

When lodging your applications, please ensure you are using the new updated version of the Quick Qualifier.

If you require any assistance please contact your Broker Relationship Manager.